HC: Drops interest-recovery proceedings in view of decision taken at 39th GST Council meeting

Orissa HC disposes writ challenging interest liability for delayed payment of GST u/s 50 of the CGST Act to the tune of Rs.2 Lakhs (Approx.) on the ground that demand of interest is payable on Input Tax Credit  (ITC) set off in GSTR-3B; Directs Superintendent CGST to dispose of the representation filed by the petitioner for not charging the interest on the availed ITC; Further, taking note of decision taken in the 39th meeting of GST Council held on March 14, 2020 that i...